Nine Energy Service NINE Q2 2026 earnings

“Second quarter revenue increased sequentially and was within our previously provided guidance range; however, adjusted EBITDA was below our guidance range. While industry activity improved modestly during the second quarter, our profitability was negatively impacted by significant margin compression within our Coiled Tubing business. During the quarter, two of our large-diameter coiled tubing units, representing approximately 17% of our large diameter fleet, were taken out of service due to maintenance-related issues. At the same time, we experienced meaningful inflationary pressures across several cost categories, including consumables, labor, and repairs and maintenance.”